Loading...
HomeMy WebLinkAbout0671 ~ Our i'ils 5-~,939 ~ ~A~s a~w~p~e a oMe~ tr~ea(e~ o( hUe io ~he n?wt~~sed pupe~~~ m e?un~u~al~aeM ul the inde~tedne...e.weJ he~e1+>. •11 c~~A~, ~~tlc ~mt ~n~eresl al lAe Ala~~~~w ~n ~m! tu ~ny ~nsw~nce ~wl~c~es Ihen ~e (~xce sAal) paaa to ~Ae punh~se~ .x ~i~mee. ~ ihl Tu pe~l~xa. rueply ~r~tl~ an.1 ab~de b~ eacA a~k1 every the sl~pul~t~ons. ~~teements. cwalu~uns aad r..~enan~c ~n .a~d p~wm..o~> note ~nd ~o tli~. deed se~ fo~tA. G 1 TA~t d~ny of aud awna o( aouney he~em ~e(e~~cd to Se nol (uwnplly and (uily p~~d ruhin I~Uecn d~yc ne~t a~tc~ 1he s~se seve~dly beco~es due and p~Y~eEe. a ear~ aod eve~y tAe supul~uoas. ~~rcemcnts, r.,nJ~~~an~ rnd coven~ms ot .a~J p+.wn~.- say eott and lA~s dted. or N~he~, are oot lully pe~(oraed. coaopl~ed r~~A and as~ded by, ~he said a~areiste sum menuueed ~n .a~d poa~sso~y noie sA~ll Secose due .na P.~.ei~ talh~~tA a Iheteafler at tht opti~x~ of the N1wt~~~te as (ull)• rnd rompletelY ~t thc s~~d a~area~te suw d sa~d p~u~usswy note rras w~~~nally at~pulated to be pa~d a+ such day, ~nythm~ m sa~~! pram~aaory eote w here~n ~o the conuary noal~Asaedms. Q) TAat ~n wde~ lo acceler~te the w~u~~ty ot tAe iedebtedness Aeresy aecured, becauae ot ~Ae ta~lure o( tAe Mw~~a~~u ~o paY any ~as, i •sse:smeM, lub~lity, ob6s~uon ~x en.umD~ance u~wn sud pto{+erly, as Aerein providrd, shall na~ be ne.e.<ary « ~eywr.~e tha~ iAe F morta~~te sAall fu~t pay the ~ame. 2. The Mortga`ee may, at his option. and without waiving his tight to accelerate the inciebtedness hereby ~ ~ serured and tu foreciuse the same, pay either before or after delinquency any or ali of those certain obligations cequired by the terms hereot to be paid by the Mortga6or for the protection of the mortgage securitp ar fot the cal- lection of the indebtedness heteby secured. All sums so advanced or paid by the Mortgegee shall be charged in?o - the mart~age account and become an integcal part thereof. subject in all respects to the terms. conditions, and ~ covenants uf the aforesaid prumissoty note. and this mortgage. as fully a~d to the same extent as though a part . of the original indebtedness evidenced by said ~ote and secured by this mortgag~. excepting howevet, that said sums shall be tepaid the Alwtgagee forthwith upon its demand and be in addition to the regular monthly install- ments provided by the mattgage note. 3. That the abstract or abstracts o[ title covering the martgaged propetty shall at all times. during the life t oi this murtgage, remain in possession of the Mortgagee and in event of the foreclosure o[ this mortgage or other transCe~ of title to the mortgaged property in extinguishment of the indebtedness secured hereby. all right, title and ioterest of the ;Nortgagor in and to any such absfracts of title shall pass to the purchaser or grantee. 4. To the txtent of the indebted~ess of the Mortgagor to the Mortgage~ described herein ot secured hereby, the Alortgagee is hereby subrogated to the lien or lie~s and to the rights of the owners and hoiders thereof of each and every mottgage, lien or other incumbrance on the land dcscribed herein which is paid and: or satisfied. in whole or in part. out of the proceeds of the loan described herei~ or secured heteby. and the respective liens of ~ said mortsages, lieos or other incumbrances, shail be and the same and each of them hereby is preserved and shall pass to and be held by the Mottsagee herein as security for the indebtedness to the Alortgagee herein described or hrreby secured, to the same extent that it would have been preserved and would have been passed to and been . held by the !lkirtgagee had it been duly and regulatly assigned. traosfened, set over, and delivered unto the Mort- gagee by separate deed of assignment, notwithstanding the fact that the same may be satisfied and cancelled of record~ it being the intention of the parties hereto that the same will be satisfied and cancelied of record by the holders thereof at or about the time of the recordin6 of this moctgage. 5. In the event the ownetship of the mortgaged ptemises, or any patt thereof, becomes vested in a person othet than the ~tartgagor, the Slortgagee may, without notice to the Mortgagor, deal with such successor ot suc- cessors in interest w~ith reference to this deec; and the debt hereby secured. io the same manner as with the Mort- gagor without in an~ w~ay vitiating or discharging the Mortgagoc's liability hereunder or-upon the debt hereby secured. N~ sale ~~f the premises hereby mortgaged and no [orbearance on the part of the hlortgagee. and no ex- tensicu~ of the time for ~he payment ot the debt hereby secured given by the !Nortgagee shall operate to release, ' discharge. modify, change or affect the original liability of the Mortgagor herein either in wh~le or in part. . 6. The lien of this deed secures and shall continue to secure payment of said iadebtedness or indebted- ness, however evidenced, whether by said promissory note or any renewal or extension thereof or substitute there- i for, ot othetwise, until all such indebtedness shall have been fully paid. ~ ' 7. In the eren~ the rnortgogors sell, convey or transJer the nro~tgaged prernises during the lije oj this mo~t- ~ gage, then this rr~artgage shall, nt ~he option oJ the Mortgagee herein, become immediately due and paya6le Jor the j Jul1 swn oj the principa! balance and inteiest then due. j 8. The terms "Mc?rtgagor" and "Mortgagee" whenever used in this instrument shall include the heirs, s personal tepresentatives, successots and assigns of the respective patties hereto. Wherever used the singular E number shall include the plural and !he plural the singular, and the use of any gender shall include all genders. ~ / ~ Sig d. seat nd v ed in presenco of: ~ (Seal) . a ~ ' ' ~ ~ (Seal) ~ ~ - ~ s ~ s STATE OF FLORIDA ~ ss ~fornerly lmom as DAI3Y FL07C~; also knom as ~ ~ COUNTY OF ~ ~ D~ISY WILLIAISS . ! ~ Befc'o?e'me peC o ally appeared DON WII,LIi~MS and DAISEY W~ IAMS ' f ~ r~uerl9 { E eo me well known and known to me to be the individuals desctibed in and who`L'~trc~d~ _ g g tns rumen , i and acknowledged before me that they executed the same for the purposes therein expressed. WITNESS my hand ~ : and ofticiaf seal in the County and State last aforesaid ihis 19th D83? of Jeeemb 19~ ~ ~ 202`~'6~ 3 4 ~ AND R~~DRQt~. ..~,j 1f, `~Olf ~.OU Tr ~ ~ 110Q[~ ~0~ RA~ ' F i . ~ ~ 0~ ~IK 4~~6 IT OOYIIT •r' " . . ~ ~1y Commission Expires: y ~ 0 taty Public, State of ' ~ ~ 31 ~ ~ PM'10 ~ : .:~b~-~ . _ p; ~ . / i ss ~ a ' rr : ~ ~ ~ . ~ ~ ~ . ~ : p ~ j~ 109 PACf 6~ i ~ . ~ • 1 . . ~ L - ~ ..~~-.3 : e'C~{r ~ . . _....,2 . . a . _~v~.c_~~